Fly-By-Night Insurance Company had much larger losses than forecast. The company did not charge adequate premiums nor did the company purchase reinsurance
If Fly-By-Night becomes insolvent, which of the following will help pay the unpaid claims of the insurer?
A) guaranty fund
B) premium rebates
C) risk-based capital
D) admitted assets
Answer: A
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Through word-of-mouth communication, consumers look to each other for product information and recommendations
Indicate whether the statement is true or false
In Christensen v. Harris County, Harris County adopted a policy requiring its employees to schedule time off in order to reduce the amount of accrued compensatory time. Employees of the Harris County Sheriff's Department sued the County claiming that such policy is prohibited under the FLSA. In its judgment, the Supreme Court:? A) ?ordered Harris County department officials to pay damages to
the plaintiffs. B) ?held that the FLSA prohibition does not apply to law enforcement agencies. C) ?held that no statutory provision prohibits Harris County from pursuing its policy. D) ?felt that the employer violated the provisions of the FLSA.
In the history of advertising, the ________ made possible the first advertising formats: posters, handbills, signs, and newspapers.
A. ability to copy and draw B. quill pen C. ability to mold lead D. silk screen E. printing press
A guest at Raphael's Four-Star Italian Restaurant generally spends $150 on a meal. Most of Raphael's customers are from nearby localities and eat at the restaurant twice a month. If the restaurant's margin is 60 percent, and a loyal customer is estimated to be worth $4,000, determine the average defection rate
a. Less than or equal to 0.15 b. More than 0.15 and less than or equal to 0.20 c. More than 0.20 and less than or equal to 0.25 d. More than 0.25